Property rates in Matunga East average ₹49,100 per sq ft, reflecting a stable market with consistent buyer interest. The area remains a premium residential destination, supported by a healthy rental yield of 3.64%. With significant transaction activity recorded recently, the locality continues to attract investors seeking long-term value. Developments like Hubtown Harmony show strong demand, while the rental market offers diverse options ranging from compact studios to spacious four-bedroom apartments for discerning tenants.
Insights for Matunga East, Mumbai Real Estate Market Overview
Matunga East maintains its status as a sought-after residential pocket in Mumbai, characterized by high-value transactions and steady property appreciation. The market exhibits a robust mix of ready-to-move homes and under-construction projects, catering to both end-users and investors. Rental demand is equally strong, with yields reaching 3.64% and a significant upward trend in monthly lease rates across all unit types. Government registration data confirms consistent market liquidity, with developers like Hubtown leading the transaction volume in the region.
Average property rates currently stand at ₹49,100 per sq ft for apartments.
Ready-to-move projects are priced at ₹40,950 per sq ft, showing a 3.88% growth.
Rental rates for 3 BHK units average ₹2.51 Lakh per month, highlighting the premium nature of the locality.
Top transactions are concentrated in projects like Hubtown Harmony, which saw a 2.75% price increase.
The overall rental market experienced an 11.19% increase, signaling strong demand for residential leases.
Market Strengths
Strong rental growth of 11.19% across the residential apartment segment.
High transaction volume with 133 registrations recorded in the last year.
Consistent demand for ready-to-move properties, signaling a mature and stable market.
Premium positioning of the locality with average apartment rates at ₹49,100 per sq ft.
Presence of established developers like Hubtown ensuring quality project delivery.
Market Challenges
New launch projects have seen a -6.61% price change, reflecting a cautious entry market.
Some high-end projects like Princecare Amaraa show a -0.76% price movement, suggesting a correction in premium asking rates.
Competitive rental yields in neighbouring areas may require strategic pricing for new landlords.
Investment Opportunities
Rental yield of 3.64% provides a stable secondary income stream for property owners.
Ready-to-move units show a 3.88% growth, ideal for those seeking immediate rental returns.
Apartment segment growth of 0.89% indicates a stable long-term capital appreciation potential.
High demand for 3 BHK and 4 BHK units allows investors to target the premium rental market.
Price Trend
Matunga East, Mumbai Property Price Trends and Appreciation
The market has seen price fluctuations over the last year, starting from ₹49,950 per sq ft in June 2025. After a period of adjustment, rates recovered to hit ₹49,100 per sq ft by March 2026. This trend highlights the resilience of the local property market despite broader economic shifts.
Matunga East commands a premium position compared to surrounding areas like Wadala and Antop Hill, where average rates hover around ₹37,250 and ₹33,100 per sq ft respectively. While Dadar East stays competitive at ₹46,200 per sq ft, Matunga East maintains its distinct value proposition. Neighboring Vsnl Colony and Wadala East offer more accessible price points, yet Matunga East remains the preferred choice for those seeking prime connectivity and established social infrastructure.
Matunga East's residential market is dominated by apartments, which currently command an average of ₹49,100 per sq ft. This segment has shown a positive growth trend of 0.89%, reinforcing its status as a stable asset class for buyers. The consistency in pricing across apartment categories highlights the steady demand for quality living spaces in this well-connected locality.
The market provides options for every stage of development, with 80 ready-to-move units priced at ₹49,100 per sq ft showing a 3.88% growth. Under-construction projects offer a competitive entry point at ₹46,200 per sq ft, while new launches are available at ₹36,050 per sq ft. This variety allows buyers to choose between immediate possession and long-term capital appreciation.
Project & Developer Insights
Top Residential Projects and Developers in Matunga East
Top Projectsin Matunga East
JP Codename Matunga Origins is the top project in Matunga East with prices from ₹ 2.94 Cr to 4.23 Cr.
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Lodha Signet
₹ 2.25 Cr - ₹ 4.66 Cr
Mumbai South, Mumbai
Lodha Divino
₹ 4.44 Cr - ₹ 22.20 Cr
Mumbai South, Mumbai
Godrej Five Gardens
₹ 11.2 Cr - ₹ 11.96 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.4 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Lodha leads in Mumbai with 110 projects and 39 years of experience.
Premium residential developments define the high-end landscape of Matunga East. Godrej Five Gardens leads the asking rates at ₹64,850 per sq ft, followed by Rustomjee La Sonrisa at ₹57,600 per sq ft. Other notable projects such as Kalpataru Matru Ashish and Ikebana continue to maintain high value, reflecting the aspirational nature of property ownership in this neighbourhood.
High-value transactions are concentrated in luxury-focused developments. First Stone Pinnacle 323 leads the value segment with a significant transaction, followed closely by Hubtown Harmony and Chandra Villa. These projects represent the pinnacle of investment in Matunga East, with total transaction values reaching multiple crores per deal.
Project Name
Current Price (₹/Sq.Ft)
Transactions
Change %
Hubtown Harmony, Kings Circle
41,350
3
2.8
Satra Mahavir Ville, Kings Circle
45,700
1
-4.9
Surya Tower Apartment, Chandra Villa
42,600
1
-
Shamji Ladha Building, Kings Circle
40,000
1
-
First Stone Pinnacle 323, Kings Circle
39,900
1
-
Kalpanaapartment, Kings Circle
39,800
1
-
Dinesh Mahal, Kings Circle
39,750
1
-
Buyer preference is clearly reflected in the transaction volumes of established projects. Hubtown Harmony leads the way with 3 successful registrations at an average of ₹41,350 per sq ft. Other projects like Satra Mahavir Ville and Surya Tower Apartment have also recorded consistent interest, confirming that buyers prioritize established locations and trusted developer credentials.
Top projects like Kesar Horizon and Gurukul CHS Matunga are currently leasing at ₹160 and ₹155 per sq ft respectively. Earth Building has seen a significant 32.76% jump in rental value, while other prominent addresses like JP Hari Mangal Manor maintain stable rates of approximately ₹153 per sq ft.
The market is anchored by prominent developers who command the highest transaction counts. Hubtown leads the cohort with 3 major deals, followed by Suraj Estate Developer, Satra Properties, and Endemic Realtors. Their consistent activity levels highlight the trust and brand recall these builders have established within the Matunga East residential market.
Government Registrations
Government Registration in Matunga East, Mumbai
Between July 2025 and June 2026, the area witnessed 133 property registrations with a total gross value of ₹374 Cr. The average registered rate of ₹33,450 per sq ft underscores the volume of transactions occurring in the region. Developers like Hubtown and Suraj Estate have been instrumental in driving this activity, ensuring a vibrant and active market for both new and existing residents.
Sales Transactions133
Gross Sales Value₹ 374 Cr
Registered Rate₹ 33,450/Sq.Ft
Recent Registered Transactions
Recent Registered Transactions in Matunga East
The real estate market in Matunga East remains highly active, with 133 transactions registered between July 2025 and June 2026. These deals collectively represent a gross value of ₹374 Cr, indicating robust buyer confidence.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-05-05
Floor 46, Unit 4601
B
509 Sq.Ft.
2026-05-05
Floor 46, Unit 4603
B
509 Sq.Ft.
2026-04-07
Floor 13, Unit 1301
N/A
1035 Sq.Ft.
2026-03-29
Floor 21, Unit 2103
N/A
469 Sq.Ft.
2026-03-27
Floor 8, Unit 801
N/A
757 Sq.Ft.
2026-03-14
Floor 10, Unit 1002
N/A
898 Sq.Ft.
2026-03-13
Floor 17, Unit 1703
B
1282 Sq.Ft.
2026-03-02
Floor 13, Unit 1302
N/A
884 Sq.Ft.
2026-03-02
Floor 13, Unit 1301
N/A
761 Sq.Ft.
2026-02-28
Floor 10, Unit 1001
N/A
651 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Matunga East, Mumbai
Rental rates in Matunga East are tiered according to unit size, with studios averaging ₹36,650 per month. Those looking for larger configurations will find 2 BHK units at ₹1.22 Lakh and 3 BHK units at ₹2.51 Lakh per month. The premium segment includes 4 BHK apartments, which command an average monthly rent of ₹3 Lakh. Rental rates show consistent demand across the locality, with Matunga and Matunga West both averaging ₹150 per sq ft. Ma Marg also commands ₹150 per sq ft, while GTB Nagar and Hindu Colony offer more affordable rental options at ₹100 per sq ft. These rates reflect the diverse rental landscape within the broader Matunga region. Apartments dominate the rental market, currently averaging ₹150 per sq ft. This sector has experienced a notable 11.19% increase in rental rates over the past year, indicating strong upward momentum for residential leasing. Top projects like Kesar Horizon and Gurukul CHS Matunga are currently leasing at ₹160 and ₹155 per sq ft respectively. Earth Building has seen a significant 32.76% jump in rental value, while other prominent addresses like JP Hari Mangal Manor maintain stable rates of approximately ₹153 per sq ft.
Rental rates in Matunga East are tiered according to unit size, with studios averaging ₹36,650 per month. Those looking for larger configurations will find 2 BHK units at ₹1.22 Lakh and 3 BHK units at ₹2.51 Lakh per month. The premium segment includes 4 BHK apartments, which command an average monthly rent of ₹3 Lakh.
Rental rates show consistent demand across the locality, with Matunga and Matunga West both averaging ₹150 per sq ft. Ma Marg also commands ₹150 per sq ft, while GTB Nagar and Hindu Colony offer more affordable rental options at ₹100 per sq ft. These rates reflect the diverse rental landscape within the broader Matunga region.
Apartments dominate the rental market, currently averaging ₹150 per sq ft. This sector has experienced a notable 11.19% increase in rental rates over the past year, indicating strong upward momentum for residential leasing.
Frequently Asked Questions About Property Rates in Matunga East, Mumbai
What is the current average asking price in Matunga East as of March 2026?
As of March 2026, the average asking price in Matunga East stands at ₹49,100 per sq ft. This figure reflects an appreciation of 0.89% when compared to previous periods, indicating a resilient and steady demand for residential properties in this premium locality.
How have property prices in Matunga East trended over the last few quarters?
Property prices in Matunga East have shown a generally upward trajectory, moving from ₹47,700 per sq ft in September 2025 to ₹48,700 per sq ft in December 2025, and reaching ₹49,100 per sq ft by March 2026. This consistent growth signals strong investor and end-user confidence in the area's real estate market.
How does the average asking price in Matunga East compare to the Government Registration Rate?
The average asking price in Matunga East is currently ₹49,100 per sq ft, while the Government Registration Rate is recorded at ₹31,950 per sq ft. This gap between the market-driven asking price and the government-benchmarked registration rate is a key metric for buyers to consider when evaluating their total cost of acquisition and stamp duty liabilities.
What is the price difference between Ready To Move and Under Construction properties in Matunga East?
As of March 2026, Ready To Move properties in Matunga East are priced at an average of ₹40,950 per sq ft, having appreciated by 3.88% compared to earlier periods. In contrast, Under Construction projects are priced at ₹46,200 per sq ft, which reflects a minor depreciation of 0.33% over the same timeframe, suggesting that premium ready-to-move stock is currently seeing higher price growth.
What is the average rental yield in Matunga East, and what does it signify for investors?
The average rental yield in Matunga East is 3.64% as of March 2026. For investors, this yield provides a clear indicator of the annual income potential relative to the capital investment, helping them balance the high entry cost of property in this locality with the steady rental returns generated by the market.
What are the typical monthly rental rates for different BHK configurations in Matunga East?
Rental rates in Matunga East vary significantly by configuration, with Studio apartments averaging ₹36,650 per month, 1 BHK units at ₹57,950 per month, 2 BHK units at ₹1.22 Lakh per month, 3 BHK units at ₹2.51 Lakh per month, and 4 BHK units reaching ₹3 Lakh per month. This tiered pricing allows tenants and investors to target specific segments based on their budget and space requirements.
Which projects in Matunga East command the highest rental rates?
As of March 2026, premium rental projects in Matunga East include Kesar Horizon at ₹160 per sq ft, Gurukul CHS Matunga at ₹155 per sq ft, and Earth Building at ₹154 per sq ft. Earth Building notably saw an appreciation of 32.76% in its rental rate, while other projects like Kesar Horizon have maintained stable rental pricing.
How do rental rates compare across different neighbourhoods near Matunga East?
Rental rates vary across the vicinity, with Matunga, Matunga West, and Dadar East all commanding an average of ₹150 per sq ft. In contrast, areas like GTB Nagar, Hindu Colony, and Sion West show more accessible rental averages of ₹100 per sq ft, providing a range of options for renters depending on their proximity to key transit and commercial hubs.
Which developers have the highest transaction activity in Matunga East?
Hubtown leads the transaction activity in Matunga East with 3 recorded transactions, followed by Suraj Estate Developer, Satra Properties India Ltd, Endemic Realtors, First Stone Builders, and Tanishq Builders, each with 1 transaction. This activity level highlights Hubtown's significant presence and market share in the current residential landscape of the locality.
What should a buyer look for when interpreting the property rates data for Matunga East?
A buyer should analyze the gap between the average asking price of ₹49,100 per sq ft and the Government Registration Rate of ₹31,950 per sq ft to understand the market premium. Additionally, comparing the 3.88% appreciation in Ready To Move properties against the -0.33% depreciation in Under Construction projects helps in deciding whether to prioritize immediate possession or future value potential.
